San Francisco's most expensive listing for a home so far in this year just appeared on the MLS.
The Presidio Heights mansion, 3630 Jackson St., is listed for $36 millions. It belongs to Karl Peterson, co-founder and venture capitalist of Hotwire.com. His wife Holly Peterson purchased the property in 2007 for $15.65 million.
The Tudor-style house, which is more than 11,000 square feet in size, was designed by Julia Morgan. It was finished in 1917 and given to Abraham Rosenberg whose family made money from the packing and shipping of dried fruit.
According to listing agent Steven Mavromihalis, the eight-bedroom home features stucco and a wood exterior. It is situated on a quarter-acre rare lot that spans between Jackson and Pacific Streets.
Mavromihalis stated that there is no other home in the San Francisco Bay Area like this one. Every square inch was carefully planned and constructed with art. "The current owners' extraordinary time and talent has been reflected in the unrivaled level of attention to detail."
View the photos above to get a glimpse of 3630 Jackson St.
The most expensive sale so far in this year was 3450 Washington St., which sold for $34.5m. A Sea Cliff estate located at 9 25th Ave., also sold for $20m on April 18. Cow Hollow, Clarendon Heights, and Pacific Heights all sold homes this year at just under $10,000,000 each.
Although new listings were slow to arrive on the market in the spring, there was some movement at upper end of market. Neill Bassi, of Sotheby's International Realty, is now representing a Pacific Heights mansion that costs just under $30,000,000.
Sotheby's International Realty has announced that the top-floor penthouse of the 58 story Millennium Tower is now on sale for $14 million. Craig Ramsey is the seller, a tech industry veteran and co-founder of Veeva Systems, a publicly traded cloud computing company, and Vlocity software. He paid $13m in 2016 for the apartment, which was furnished, from the estates of Tom Perkins, the late venture capitalist.
Patrick Carlisle, Chief Market Analyst, said that despite the fact that the market had slowed down since the spring 2022 peak of the pandemic, there were still some large home sales and many expensive estates and homes on the market. He said that after a big slowdown during the second half 2022, the demand for homes has been increasing rapidly in 2023.